About half our applicants don't have income that meets the 2-3x rent threshold, even with positions in architecture, software engineering, etc. which is an indicator that we're approaching the upper limit of what people can afford. 

Our other desire was to build storage units; however, when we approached one township official for a variance, he said he didn’t “ like the idea” of storage units.  

But if I give the owner money to walk away from the house and then pay the mortgage directly that was another approach. 

On the other hand if you're banking on appreciation, well that all depends on your outlook of the Bay Area altogether (many brokers I work with seem to think we're fast approaching the peak of the market).

Hello All,I am waiting for my first 4 unit inspection report, but want to be prepared to either drop the property buying price down or instead do the found repairs.Can you guys shed some lights on the some ways to approach this task?

Odd that he's approached you, for you to do all the work up front but he wants equity?

Trying to find private money, and trying to find ways to approach people I know about what I have been doing in the rental investing world.

Best approach in my opinion is to just find an investor-friendly mortgage broker in your area and ask to see your options.

I've found a lot of newer people will be more accepted in the Multi Family world because it's a team sport and if you can bring value to a team who does syndication or a 506(C) or (B) raise you can learn a lot and its quite lucrative. 

how would you approach this one?